by our College Data Analytics TeamMost students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Southeast Kentucky Community & Technical College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Southeast deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Southeast Kentucky Community & Technical College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Southeast Kentucky Community & Technical College, 99% of entering full-time freshmen got some type of financial assistance some 305 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $8,066 |
| Institutional grants & scholarships | 26% | $1,671 |
| Federal Pell grants | 82% | $5,947 |
| State/local grants | 89% | $2,814 |
| Federal student loans | 6% | $4,122 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, some 93% of undergrads got grants or scholarships worth on average $4,177 (across roughly 2931 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $4,177 |
| Federal Pell grants | 40% | $5,050 |
| Federal student loans | 7% | $4,236 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,968.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $3,122 |
| $30,001 – $75,000 | $3,777 |
| Over $75,000 | $9,034 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $3,731 |
| Off-campus title-IV students | $3,537 |
For a personalized estimate based on your family’s financial situation, use Southeast’s NPC: southeast.kctcs.edu/affording-college/net-price-calculator/.
The median student at Southeast graduates with $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $6,919 |
| Typical 10-year monthly payment (graduates) | $73.35/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The four reference points below map the debt distribution at Southeast.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $11,721 |
| 90th percentile (highest-debt students) | $19,835 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,400 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $4,680 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,000 |
| Independent students | $5,692 |
The figure below distills the debt data into a single burden category for Southeast.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Southeast:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5820 |
| Total Stafford loan amount | $51,918,400 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $46,622 |
| Average GI Bill amount per recipient | $3,586 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.